STATE LIFE INSURANCE CORPORATION OF PAKISTAN
Pakistan's Largest Life & Health Insurer
CAREER OPPORTUNITY
CHIEF EXECUTIVE OFFICER (CEO)
State Life Insurance Corporation (SLIC) is seeking a dynamic corporate leader to serve as the Chief Executive Officer (CEO). The position is offered under a performance-based contract in accordance with the criteria approved by the Board.
1. Period of Contract:
2. Maximum Age Limit:
3. Minimum Requisite Qualification:
The candidate must fulfill at least one of the following qualifications:
-
Educational Qualification:
- Bachelor’s degree or equivalent in:
- Business Administration
- Public Administration
- Finance
- Commerce
- Risk Management
- Actuarial Science
- Marketing
- From a well-reputed institution recognized by the Higher Education Commission (HEC) or any professional qualification related to the core line of business of the State-Owned Enterprise (SOE).
OR
-
Professional Qualification:
- Membership of a recognized body of professional accountants.
OR
-
Specialized Qualifications:
- (a) Associate or Fellow of the Chartered Insurance Institute (ACII/FCII), or
- (b) Associate or Fellow of the Institute of Actuaries (UK), Society of Actuaries (US), or an equivalent qualification recognized by the Pakistan Society of Actuaries, or
- (c) Master’s degree in Insurance, Risk Management, or Actuarial Science from an HEC-recognized university.
4. Experience:
The candidate must have a minimum of 10 years of demonstrated experience, including:
-
Chief Executive Officer/Senior Management Level:
- At least 5 years in roles such as CEO, C-level positions, or Senior Management in governance, business administration, finance, commerce, or marketing within well-known organizations with a commercial orientation.
- Preference will be given to candidates with global/international experience.
OR
-
Similar Organizations:
- Experience as CEO or Senior Management in organizations with commercial attributes.
OR
-
Leadership in Professional Institutes:
- Experience at the level of a governing body member of a professional institute or as a Head of Department.
The candidate must meet the Fit and Proper Criteria outlined in Schedule-IV of the SOE Act, 2023.
5. Job Role & Responsibilities:
The CEO will be responsible for the management of the Corporation and its operations under the delegation and oversight of the Board.
- Ensure the implementation of strategies and policies approved by the Board.
- Establish and monitor mechanisms to ensure that:
- Funds and resources are safeguarded.
- Operations are conducted economically, efficiently, and effectively in line with the SOE business plan and statutory obligations.
- Manage all affairs and business operations of the Corporation in compliance with the rules and regulations.
6. How to Apply:
Eligible candidates must:
-
Download the application form and affidavit sample from the official website: www.statelife.com.pk.
-
Submit the completed application form, along with:
- CV
- Educational documents
- Experience certificates
-
Applications must be sent to the undersigned within 15 days from the date of this advertisement.
7. Important Notes:
- Age Limit will be calculated as of the last date of application submission.
- Provincial quota will be observed as per Federal Government policy.
- Only short-listed candidates meeting the initial criteria will be contacted for interviews.
- Applicants must be Pakistani citizens.
- Government employees must apply through proper channels with an NOC from their parent department.
- No TA/DA will be provided for interviews.
- The Corporation reserves the right to accept/reject any application or postpone/cancel the recruitment process without providing any reason.
- A market-based salary package will be offered to the selected candidate.
Secretary Board,
Board Secretariat Division,
3rd Floor, State Life Building #09,
Dr. Ziauddin Ahmed Road, Karachi
For Renting of Office Space in State Life Buildings:
Contact the following telephone numbers:
- 051-9206017
- 053-9260340
- 091-9222000
- 021-99202865
- 021-99204525
- 021-99204520
PID (K)-1858/24